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Honestly I think it is because of DLSS. If you can get a $300 card that could do 4k DLSS performance well, why would you need to buy a xx70(ti) or xx80 card?
Lossless Scaling (on Steam) has also shown HUGE promise from a 2-GPU standpoint as well. I’ve seen some impressive results from people piping their NVidia cards, into an Intel GPU (on-die or discreet) and using a dedicated GPU for the upscaling as well.